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Daily NewsFlash : August 22, 2013

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Thursday, August 22, 2013

Justice Department Plans New Cases Tied to Financial Crisis

financial crisisAttorney General Eric Holder said the Justice Department is nearing decisions on a number of probes involving large financial firms and that he plans to announce new cases stemming from the economic meltdown in the coming months.

"My message is, anybody who's inflicted damage on our financial markets should ...

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Swiss Re: Catastrophes Cost Global Insurance Industry More than $20 Billion

Swiss Re globaly cat lossesAccording to preliminary sigma estimates, total economic losses from natural catastrophes and man-made disasters were USD 56 billion in the first half of 2013.

The global insurance industry covered USD 20 billion of the total losses, of which USD 17 billion were caused by nat...

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A New Spate of Deaths in the Wireless Industry

cell tower worke injuriesThe race to build out advanced cellphone networks in the U.S. has contributed to a spike in deaths among tower workers, making this one of the industry's deadliest years an...

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Insurers Increasingly Using Advanced Analytics to Better Understand Customers: Earnix Survey

analyticsEarnix, a leading provider of integrated pricing and customer analytics solutions for banking and insurance, today released the results of its latest industry survey: 2013 North American Auto Insurance Pricing Benchmark Survey. With the objecti...

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Assurant Brings Insurance Knowledge to Kids through Junior Achievement Finance Park

AssurantHow do you get middle school students interested in insurance?

That was the question facing Assurant, Inc., a premier provider of specialty insurance and the company behind the "insurance store" at Junior Achievement's new interactive learning center in downtown Atlanta.

Assurant is a gold founding p...

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USG Announces Addition to Workers Compensation Division

USG hireUSG Insurance Services, Inc., a national wholesaler and MGA announced the expansion of Allied American Underwriters (AAU) operations with the addition of a new associate producer/broker specializing in workers compensation, located in Little Rock, A...

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Hot, Dry Summer Pushes Wildfire Spending Past $1 Billion

WildfiresWildfires burning in California, Oregon, Idaho and Montana are taxing national firefighting resources and helping to push spending past $1 billion for the year.

The National Interagency Fire Center in Boise upped the national wildfire preparedness level Tuesday to the highest level for the first...

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Corporate Governance, Principles-Based Reserving Among Topics at NAIC Meeting

NAICA possible new corporate governance model law, recent international developments involving regulations for global insurers, and work on principles-based reserving will be among the topics of interest for industry groups at the National Association of Insurance Commissioners' Summer 2013 National Meeting set for Aug. 23-27 ...

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